The global Personalized Therapy Biosimulation marketsize reached USD 1,061.7 Million in 2020 and is expected to register a revenue CAGR of 14.6%, during the forecast period, according to latest analysis by Emergen Research. Rising incidence of drug relapse and drug resistance cases and increasing application of quantitative system pharmacology in drug development processes are some key factors driving global personalized therapy biosimulation market revenue growth.
The report provides an in-depth analysis of the competitive landscape, along with company profiling of key players involved in the global Personalized Therapy Biosimulation market . The authors of the report make sure to equip readers with a thorough evaluation of the vendor landscape and inform them of the current and future changes that can be expected. The competitive analysis offered in the report inspects the market share, gross margin, product portfolio, consumption, market status, and technologies of leading players controlling a significant portion of the global Personalized Therapy Biosimulation market.
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Drug development is a lengthy, complex, multifaceted, and costly process, with high failure rates and fewer number of drugs receiving U.S. Food & Drug Administration (FDA) approval. The low success rate, increasing R&D expenditure, rising incidence of drug resistance in cancer, epilepsy, and tuberculosis among others are some factors driving rising need for incorporating biosimulation technique for the development of new generation of drugs. Majority of patients show resistance to novel targeted drugs or classical chemotherapeutic agents and do not respond to standard cancer treatment options such as chemotherapy and radiation therapy, thereby leading to higher cancer recurrence rate.
The report also discusses the key players involved in the market such as:
Cellworks Group Inc., Certara USA Inc., Simulation Plus Inc., Schrodinger Inc., In Silico Biosciences Inc., Genedata AG, Physiomics plc, Insilico Biotechology AG, Chemical Computing Group ULC (CCG), and Evidera Inc.
Some Key Highlights from the Report :
Software segment is expected to account for largest revenue share over the forecast period due to increasing adoption of biosimulation software by pharmaceutical and biotechnology companies, Contract Research Organizations, regulatory agencies, and academic and research institutes to accelerate drug development process and rapid technological advancements and up-gradation in the software.
Oncology segment revenue is expected to expand at a rapid CAGR over the forecast period owing to rising prevalence of cancer, increasing adoption of personalized medicine approach for cancer treatment and increasing use of biosimulation platform to predict individual response to cancer therapeutics and minimize drug resistance among cancer patients.
Drug discovery segment revenue is expected to register a significantly robust CAGR over the forecast period owing to increasing use of biosimulation technique in drug discovery process ranging from target validation, lead identification, lead optimization, to product characterization.
Key questions answered in the report:
- What will the Personalized Therapy Biosimulation Market growth rate be?
- What are the primary factors propelling the Global Personalized Therapy Biosimulation Market?
- Who are the market’s leading manufacturers?
- What are the market’s opportunities, threats, and market structure?
- What are the top manufacturers’ sales, revenue, and price analysis in the Personalized Therapy Biosimulation Market ?
- Who are the Personalized Therapy Biosimulation Market distributors, traders, and dealers?
- What are the Personalized Therapy Biosimulation Market opportunities and threats that vendors in the Global Ventilator industries are confronted with?
- What is a Personalized Therapy Biosimulation Market analysis of sales, income, and value by market types and applications?
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Personalized Therapy Biosimulation Market segmentation :
Emergen Research has segmented the global personalized therapy biosimulation market on the basis of product, therapeutic area, application end-use, and region:
Product Outlook (Revenue, USD Billion; 2018–2028)
Software
Services
Therapeutic Area Outlook (Revenue, USD Billion; 2018–2028)
Oncology
Others
Application Outlook (Revenue, USD Billion; 2018–2028)
Drug Development
Drug Discovery
Others
End-use Outlook (Revenue, USD Billion; 2018–2028)
Pharmaceutical & Biotechnology Companies
Contract Research Organizations (CROs)
Others
Regional Outlook: (Revenue, USD Billion; 2018-2028)
North America (U.S.) (Canada) (Mexico)
Europe (Germany) (UK) (France) (BENELUX) (Rest of Europe)
Asia Pacific (China) (Japan) (South Korea) (Rest of APAC)
Latin America (Brazil) (Rest of LATAM)
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Table of Contents:
Chapter 1 includes an introduction of the global Personalized Therapy Biosimulation Market, along with a comprehensive market overview, market scope, product offerings, and an investigation of the market drivers, growth opportunities, risks, restraints, and other vital factors.
Chapter 2 offers an in-depth analysis of the key manufacturers engaged in this business vertical, along with their sales and revenue estimations.
Chapter 3 elaborates on the highly competitive terrain of the market, highlighting the key manufacturers and vendors.
In Chapter 4, our team has fragmented the Personalized Therapy Biosimulation market on the basis of regions, underscoring the sales, revenue, and market share of each region over the forecast timeline.
Chapters 5 and 6 have laid emphasis on the Personalized Therapy Biosimulation market segmentation based on product type and application
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Look Over transcripts provided by Emergen Research
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